SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) September 8, 1997
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Conversion Technologies International, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-28198 13-3754366
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
3452 Lake Lynda Drive
Suite 280
Orlando, Florida 32817
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (407) 207-5900
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Bethany Crossing Office Center
82 Bethany Road
Hazlet, New Jersey 07730
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
As permitted under Rule 135c promulgated under the Securities Act of 1933,
as amended, Conversion Technologies International, Inc. (the "Registrant") is
filing as an exhibit to this Current Report on Form 8-K a press release issued
by the Registrant on September 9, 1997.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit No. Document
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99.2 Press release issued by the Registrant on
September 9, 1997
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SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CONVERSION TECHNOLOGIES
INTERNATIONAL, INC.
By: /s/ William L. Amt
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William L. Amt
President and Chief Executive Officer
September 9, 1997
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<PAGE>
EXHIBIT INDEX
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Exhibit No. Document Page No.
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99.2 Press release issued by the Registrant 5
on September 9, 1997.
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FROM: CONVERSION TECHNOLOGIES INTERNATIONAL, INC.
3452 Lake Lynda Drive, Suite 280
Orlando, Florida 32817
Contact: Colin Baekier - Investor Relations
(407) 207-5900
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FOR IMMEDIATE RELEASE
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CONVERSION TECHNOLOGIES INTERNATIONAL, INC.
RAISES $4 MILLION IN PRIVATE PLACEMENT OF
EQUITY SECURITIES
Orlando, FL, September 8, 1997 -- Conversion Technologies International,
Inc. (Nasdaq: CTIX, CTIXW, CTIXZ) announced today that it raised gross proceeds
of $4,145,000 in the first two tranches of a private placement. An aggregate of
414,500 shares of Series A Convertible Preferred Stock were issued. Each share
is initially convertible into eight shares of Common Stock at a conversion price
of $1.25 per share, subject to adjustment based on the lesser of $1.25 and the
prevailing average market price of the Common Stock immediately preceding any
subsequent closing, if any.
The securities offered in the private placement have not been registered
under the Securities Act of 1933, or applicable state securities laws, and may
not be offered or sold absent registration under the Securities Act of 1933 and
applicable state laws unless available exemptions from registration apply.
Conversion Technologies manufactures, recycles and processes various
substrates and advanced materials to be used as industrial abrasives, decorative
particles and performance aggregates. The Company also recycles cathode ray tube
glass for sale to the manufacturers of such glass and others.
Matters discussed in this News Release contain forward looking statements
that involve significant risks and uncertainties. The Company's results may
differ significantly from the results indicated by forward-looking statements.
Such statements are only predictions and actual events or results may differ
materially. In addition to the matters described in this press release, risk
factors from time to time in the Company's SEC reports including, but not
limited to, its reports on Form 10-QSB as well as its Annual Reports on Form
10-KSB, may affect the results achieved by the Company.
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